Meet the expert: GOLD…

Meet the expert: GOLD…

Wednesday, 26 May, 2021

With our specialist gold sale taking place in early August and zero vendors’ fees on all gold lots consigned for sale up to the 30th June 2021, we had a chat to resident gold expert, Dave Eglington, about why now is such a great time to cash in on your gold…

 

What makes gold such a great investment?

“If we look back over the last 21 years from the turn of the millennium, gold was at around £173 per ounce. We can track its rise to the record in August 2020 of £1,578 an ounce - not a bad investment, I’d say.”

 

Any tips for identifying gold items?

“Hallmarking is key. Is set by law to protect buyers and whilst this is never a guarantee, it’s a good place to start.”

 

How do you value a gold item?

“Well, the ‘scrap price’ is a good base line, but this is only a starting point. A gold sovereign is a good example; it is - after all - just 8g-ish of 22ct gold; worth around £290 scrap. However, even a modern 1989 Anniversary sovereign can fetch over £1,000 at auction! And gold in the form of jewellery can fetch even higher prices; for example Georgian mourning rings are much sought after at the moment.”

 

What are the top gold lots you’ve sold during your career?

“My favourite has to be a two gold coins out of a private collection - one was an Oliver Cromwell gold ‘Broad of Twenty Shillings’ from 1656 that sold for £22,000 and the very next lot was a Charles II example from 1662 that sold for £11,000.”

 

What gold items would you most like to see come through the saleroom door?

“For me, I like holding a piece of history - so a metal detecting find of an ancient gold coin or perhaps a medieval gold ring would be exciting!”

 

 

Auction Dates

Antique & Interiors
Wednesday 11th August '21
Penkridge Auction Rooms
Catalogue available 6th August
Antique & Interiors
Wednesday 18th August '21
Wolverhampton Auction Rooms
Catalogue available 13th August
Specialist Collectors'
Friday 10th September '21
Wolverhampton Auction Rooms
Catalogue available 3rd September
Autumn Antique
Thursday 2nd September '21
Penkridge Auction Rooms
Catalogue available 27th August
View all auction datesView sale results

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